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Updates of the day...

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Updates Of the Day

1.SEBI meeting on Implementation of OECD Principles of Corporate Governance, Spot Price Determination of Commodities etc. PR No. 297/2015.
2.Export Policy of Onions- Removal of Minimum Export Price on onions.
Notification No. 29/2015-20.
3.Auditors are now required to report any suspected corporate fraud amounting Rs 1 crore or more to the Central Government under the Companies Act, 2013.
4.Section 54F do not stipulate purchase of new asset from sale proceeds of original capital asset only.[CIT vs. Shri Kapil Kumar Agarwal (P&H High Court)].
5.Finance Ministry has asked Income Tax department officials to mandatorily mention their email and official phone numbers in e-letters and notices.
6.Applications are invited from advocates of substantial standing and repute and with good academic credentials for the empanelment of Addl. / Asstt Public Prosecutor of Income Tax Department.

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